ZEIMAT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ZEIMAT
Largest movements
- Receivables within one year -€17,245
down €17,245 (-21.1%), from €81,806 to €64,561
of which Trade receivables: -€23,026
- Tangible fixed assets -€9,010
down €9,010 (-61.6%), from €14,617 to €5,607
of which Furniture and vehicles: -€5,767
- Deferred charges and accrued income -€2,554
down €2,554 (-100.0%), from €2,554 to €0
- Other debts +€35,596
up €35,596 (+4429.2%), from €804 to €36,400
- Reserves -€28,781
down €28,781 (-61.5%), from €46,810 to €18,029
- Trade debts -€14,025
down €14,025 (-43.7%), from €32,097 to €18,072
- Profit (loss) carried forward -€6,965
down €6,965 (-97.2%), from -€7,162 to -€14,127
- Tax, wage and social debts -€6,848
down €6,848 (-89.6%), from €7,646 to €798
- Gross operating margin -€4,772
down €4,772 (-91.0%), from €5,242 to €469
- Financial charges -€4,675
down €4,675 (-87.9%), from €5,318 to €643
- Other operating charges +€1,387
up €1,387 (+272.9%), from €508 to €1,895
- Write-downs -€1,275
down €1,275, from €0 to -€1,275
- Depreciation -€685
down €685 (-7.1%), from €9,695 to €9,010
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €104,994 | €76,754 | -€28,240 | -26.9% |
| Fixed assets | 21/28 | €14,617 | €5,607 | -€9,010 | -61.6% |
| Tangible fixed assets | 22/27 | €14,617 | €5,607 | -€9,010 | -61.6% |
| Plant, machinery and equipment | 23 | €5,248 | €2,004 | -€3,244 | -61.8% |
| Furniture and vehicles | 24 | €9,369 | €3,602 | -€5,767 | -61.6% |
| Current assets | 29/58 | €90,377 | €71,147 | -€19,230 | -21.3% |
| Amounts receivable within one year | 40/41 | €81,806 | €64,561 | -€17,245 | -21.1% |
| Trade receivables | 40 | €30,018 | €6,992 | -€23,026 | -76.7% |
| Other amounts receivable | 41 | €51,789 | €57,570 | +€5,781 | +11.2% |
| Cash at bank and in hand | 54/58 | €6,017 | €6,586 | +€569 | +9.5% |
| Deferred charges and accrued income | 490/1 | €2,554 | €0 | -€2,554 | -100.0% |
| Total equity and liabilities | 10/49 | €104,994 | €76,754 | -€28,240 | -26.9% |
| Equity | 10/15 | €52,048 | €16,302 | -€35,746 | -68.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €46,810 | €18,029 | -€28,781 | -61.5% |
| Distributable reserves | 133 | €46,810 | €18,029 | -€28,781 | -61.5% |
| Profit (loss) carried forward | 14 | -€7,162 | -€14,127 | -€6,965 | -97.2% |
| Amounts payable | 17/49 | €52,946 | €60,452 | +€7,505 | +14.2% |
| Amounts payable after more than one year | 17 | €4,680 | €0 | -€4,680 | -100.0% |
| Financial debts | 170/4 | €4,680 | €0 | -€4,680 | -100.0% |
| Amounts payable within one year | 42/48 | €48,266 | €60,452 | +€12,185 | +25.2% |
| Current portion of amounts payable after more than one year | 42 | €7,289 | €4,680 | -€2,609 | -35.8% |
| Financial debts | 43 | €431 | €502 | +€71 | +16.6% |
| Credit institutions | 430/8 | €431 | €502 | +€71 | +16.6% |
| Trade debts | 44 | €32,097 | €18,072 | -€14,025 | -43.7% |
| Suppliers | 440/4 | €32,097 | €18,072 | -€14,025 | -43.7% |
| Taxes, remuneration and social security | 45 | €7,646 | €798 | -€6,848 | -89.6% |
| Taxes | 450/3 | €7,646 | €798 | -€6,848 | -89.6% |
| Other amounts payable | 47/48 | €804 | €36,400 | +€35,596 | +4429.2% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,695 | €9,010 | -€685 | -7.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€1,275 | -€1,275 | |
| Other operating charges | 640/8 | €508 | €1,895 | +€1,387 | +272.9% |
| Gross operating margin | 9900 | €5,242 | €469 | -€4,772 | -91.0% |
| Operating profit (loss) | 9901 | -€4,962 | -€9,161 | -€4,199 | -84.6% |
| Financial income | 75/76B | €3,117 | €2,839 | -€279 | -8.9% |
| Recurring financial income | 75 | €3,117 | €2,839 | -€279 | -8.9% |
| Financial charges | 65/66B | €5,318 | €643 | -€4,675 | -87.9% |
| Recurring financial charges | 65 | €5,318 | €643 | -€4,675 | -87.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,162 | -€6,965 | +€197 | +2.8% |
| Profit (loss) for the period | 9904 | -€7,162 | -€6,965 | +€197 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,162 | -€6,965 | +€197 | +2.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.